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Truck Leasing Pros and Cons Fort Smith AR

A truck lease offers cost advantages for personal use, as well as tax and accounting advantages for business owners. Learn the difference between personal and commercial truck leasing.

Domerese Enterprises Inc
(479) 648-8888
4615 Old Greenwood Road
Fort Smith, AR
 
Propak Logistics
(479) 478-7800
P.O. Box 11708
Fort Smith, AR
 
AAA Self-Storage
(479) 452-3868
800 North 58th Street
Fort Smith, AR
 
Professional Pak Logistics Inc
(479) 478-7800
Po Box 11708
Fort Smith, AR
 
Convenient Mini Storage
(479) 648-9009
5912 Remington Circle
Fort Smith, AR
 
Colemanbrice Heather Rltr
(479) 452-5252
2228 South 57th Street
Fort Smith, AR
 
Propak Logistics
(479) 452-2790
8100 Zero Street
Fort Smith, AR
 
J And M Security Storage
(479) 484-7722
9608 Rogers Avenue
Fort Smith, AR
 
Total Selfstorage
(479) 649-6500
4700 Zero Street
Fort Smith, AR
 
Lerosen Karen Realtors Inc
(479) 452-5252
2228 South 57th Street
Fort Smith, AR
 

Truck Leasing Pros and Cons

To lease a truck for personal use is no different than leasing a car or SUV. A lease offers lower monthly payments than buying with a loan, and may not require a down payment. There are also savings on sales tax in most states. Therefore, leasing may cost you less to get into a new truck, and can save you on monthly cost as well.

However, before making a decision about whether to lease or buy, understand that leasing is best for people who drive no more than about 15,000 miles per year, like to have a new truck every 3-4 years, take good care of their vehicles, don't care about building ownership equity, and have a stable lifestyle such that they won't need to end the lease early.

Ending a lease early can be very expensive. It's more than simply paying termination fees. It means paying the balance of the lease, considering the wholesale auction value of the truck. In most cases, ending a lease early is very impractical. Therefore, if you think you might not be able to complete a lease, then don't lease.

If you plan on using your truck for heavy duty or rough utility purposes, such that the body and bed might be badly damaged or scratched, you might not want to lease. The reason is you may have to pay for those damages at lease-end when you return your truck to the lease company. Any damages beyond "normal" wear and tear can result in charges to you. Of course, you could get the repairs done yourself prior to returning your leased truck. Or...

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